Heartbeat Foundation Corp

Analysis

Heartbeat Foundation Corp is a registered charity in United States, based in Oakland Park, FL. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heartbeat Foundation Corp reported income of $164k and spending of $156k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $185k to $164k (-12%), an average of -5.9% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heartbeat Foundation Corp sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include United Way of Beaverhead County Inc ($164k), Ghana National Council of Metropolitan Chicago ($164k) and Los Indios de San Gabriel Inc ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $3,181 against liabilities of $0, net assets of $3,181.